Bergstrom Electric, Inc. Esop — Form 5500 plan (Bergstrom Electric, Inc.)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Bergstrom Electric, Inc. Esop is a benefit plan reported by Bergstrom Electric, Inc. under EIN 45-0332406 and plan number 002. The latest loaded filing year is 2023. The filing reports 131 participants and $18,019,088 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$15.3MPlan net assets, end of year$15,253,488
Participants131Covered participants reported
Assets / participant$137.6KComputed: assets ÷ participants$137,550 (computed)
Provider compensationNone reported
Plan sponsor
Bergstrom Electric, Inc.
EIN
45-0332406
Plan number
002
Plan type
2
Location
Grand Forks, ND
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023131H20241001125003NAL0007071617001
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$18M total assets
Net assets$15.3MLiabilities$2.8M
Money in vs. money out
Total income / additions$4.7M
Total expenses$765.3K
Benefits paid / distributions$615.3K
Contributions
Employer$923.5K
ParticipantNot reported
Full reported line items

Net assets

Total assets (EOY)
$18,019,088
Total liabilities (EOY)
$2,765,600
Net assets (EOY)
$15,253,488
Net assets (BOY)
$11,360,873

Income & contributions

Employer contributions
$923,462
Total contributions
$923,462
Total income / additions
$4,657,949

Expenses & distributions

Benefits paid
$615,315
Administrative expenses
$0
Total expenses
$765,334
Net increase / (decrease)
$3,892,615
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Total expenses ÷ net assets5%Computed ratio
Benefits paid ÷ total income13%Computed ratio

Service provider compensation (Schedule C)

No Schedule C service provider compensation is loaded for this plan yet.

Related Form 5500 pages